Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Sacco Review reporter Over 70,000 farmers have benefited from loans worth Ksh 1 billion since the inception of the Agricultural Finance Corporation’s (AFC) cheap credit scheme in 2018 that targets to benefit women on agri-finance in Kenya. The money was accessed through Saccos, microfinance institutions and Micro, Small and Medium Enterprises (MSMEs) with AFC…
By Roy Hezron Co-operative professionals and practitioners through their body the Kenya Society of Professional Cooperators (KSPC) have called upon the government through the State Department for Co-operatives to address the matter of timely data and information in cooperatives. The practitioners have further recommended for the establishment of an information and document portal with links…
By Benedict Ngetich Kericho based Ndege Chai Housing Cooperative Society has revealed plans to venture into income generating activities other than tenancy and sale of plots and tea for increased revenue. Mrs Edna Chepkwony, the Sacco’s Chairperson, noted that the society has continued to pursue other business opportunities with other stakeholders with a view of…
By John Majau. Isiolo abattoir once operational will be an economic game changer by creating opportunities for county residents in the tannery industry, animal feeds, and meat processing. Isiolo County Agriculture CECM Jusuf Mohamed affirmed that the ravaging droughts that led to the loss of 50% of the county livestock particularly cattle would have been…
KUSCCO Group Managing Director George Ototo has revealed that most county governments have failed to remit recoveries from payrolls to Saccos to enable them operate efficiently. Speaking during the 8th Annual Sacco Leaders Convention in Mombasa, Ototo said the non-remittances amounted to Ksh1.4 billion whereas amounts from other entities like government owned enterprises was Ksh2.8…
By Pascal Mwandambo One of the privileges of being a journalist is having the opportunity to meet and interview people from all walks of life. It’s an experience that enables you to walk in people’s shoes and feel what challenges they encounter in their day to day lives. Last time I told you about the…
By Cally Imbayi Cabinet Secretary for Agriculture and Livestock Development Mithika Linturi has reiterated the government’s commitment to support agricultural training and promote the growth of agriculture in the country. Speaking during Bukura Agricultural College’s 26th graduation ceremony held, the CS said the government will continue to provide an enabling environment for agriculture to thrive and work closely with…
By Roy Hezron Nairobi City County is planning to allocate Ksh 866.7 million over the next five years to the state department of cooperatives to be used for cooperative development and audit. The move is also to facilitate the growth of a vibrant cooperative movement with financially strong and well managed cooperatives in the…
By Roy Hezron Nairobi County Governor Johnson Sakaja is planning to allocate Ksh 4 billion to the Business and Hustler Opportunities sector over the next five years. A huge chunk of the amount will be allocated for cheap credit and business financing. According to the County’s draft of the 2023-2027 Integrated Development Plan, the proposed…
By Roy Hezron Those who will be buying houses and homes through Saccos for the first time will now start enjoying tax relief of up to Ksh 25,000 on their monthly salary starting from July this year. The move is being pushed for by Cabinet Secretary Co-operatives and Micro, Small and Medium Enterprises (MSMEs) Development…
